-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JX3oMUce7B2MJ/gU63uUeQxfQbgMVbJIKGXGIzXnUHUC3QBr70egHMyQ6O/tX0UE vwN6li+/mUGzdDDkHwgJ/A== 0001056404-02-001466.txt : 20021126 0001056404-02-001466.hdr.sgml : 20021126 20021126142347 ACCESSION NUMBER: 0001056404-02-001466 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021115 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021126 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BEAR STEARNS COMMERCIAL MORTGAGE SEC INC SERIES 2001-TOP2 CENTRAL INDEX KEY: 0001143312 STANDARD INDUSTRIAL CLASSIFICATION: ASSET-BACKED SECURITIES [6189] IRS NUMBER: 000000000 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-87381-01 FILM NUMBER: 02840796 BUSINESS ADDRESS: STREET 1: 11000 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 BUSINESS PHONE: 4108842220 MAIL ADDRESS: STREET 1: 1100 BROKEN LAND PARKWAY CITY: COLUMBIA STATE: MD ZIP: 21044 8-K 1 bsc01tp2.txt NOVEMBER 8K SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 Date of Report : November 15, 2002 (Date of earliest event reported) Commission File No.: 333-87381-01 Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates Series 2001-TOP2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 90-0042349 90-0042350 90-0042346 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 21045 (Address of principal executive offices) (Zip Code) (410) 884-2000 Registrant's Full Telephone Number (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events On November 15, 2002 distribution was made to holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2001-TOP2. ITEM 7. Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2001-TOP2, relating to the November 15, 2002 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates Series 2001-TOP2 By: Wells Fargo Bank Minnesota, N.A., as Paying Agent By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: November 15, 2002 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2001-TOP2, relating to the November 15, 2002 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services Bear Stearns Commercial Mortgage Securities Inc., 9062 Old Annapolis Road Commercial Mortgage Pass-Through Certificates Columbia, MD 21045-1951 Series 2001-TOP2 For Additional Information, please contact CTSlink Customer Service 301-815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date:11/15/2002 Record Date: 10/31/2002 DISTRIBUTION DATE STATEMENT Table of Contents Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Ratings Detail 6 Current Mortgage Loan and Property Stratification Tables 7 - 9 Mortgage Loan Detail 10 - 14 Principal Prepayment Detail 15 Historical Detail 16 Delinquency Loan Detail 17 Specially Serviced Loan Detail 18 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Underwriter Bear, Stearns & Co., Inc. 245 Park Avenue New York, NY 10019 Contact: General Information Number Phone Number: (212) 272-2000 Master Servicer Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor San Francisco, CA 94105 Contact: Jeannette Delagarza Phone Number: (415) 222-4279 Special Servicer GMAC Commercial Mortgage Corporation 200 Witmer Road Horsham, PA 10944-8015 Contact: Darri Cunningham Phone Number: (215) 328-1784 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank MN, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank MN, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 1997, Wells Fargo Bank Minnesota, N.A.
Certificate Distribution Detail Class CUSIP Pass-Through Original Beginning Principal Rate Balance Balance Distribution A-1 07383FFN3 6.080000% 325,867,000.00 310,369,077.71 882,237.94 A-2 07383FFP8 6.480000% 529,723,000.00 529,723,000.00 0.00 B 07383FFQ6 6.630000% 26,422,000.00 26,422,000.00 0.00 C 07383FFR4 6.830000% 30,198,000.00 30,198,000.00 0.00 D 07383FFU7 6.940000% 10,065,000.00 10,065,000.00 0.00 E 07383FFV5 7.574345% 23,906,000.00 23,906,000.00 0.00 F 07383FFW3 7.914345% 8,808,000.00 8,808,000.00 0.00 G 07383FFX1 6.080000% 16,357,000.00 16,357,000.00 0.00 H 07383FFY9 6.080000% 6,291,000.00 6,291,000.00 0.00 J 07383FFZ6 6.080000% 7,549,000.00 7,549,000.00 0.00 K 07383FGA0 6.080000% 3,775,000.00 3,775,000.00 0.00 L 07383FGB8 6.080000% 5,033,000.00 5,033,000.00 0.00 M 07383FGC6 6.080000% 2,517,000.00 2,517,000.00 0.00 N 07383FGD4 6.080000% 10,065,558.00 10,065,558.00 0.00 R-I N/A 0.000000% 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 Totals 1,006,576,558.00 991,078,635.71 882,237.94
Class CUSIP Interest Prepayment Realized Loss/ Total Ending Balance Current Distribution Penalties Additional Trust Distribution Subordination Fund Expenses Level(1) A-1 07383FFN3 1,572,536.66 0.00 0.00 2,454,774.60 309,486,839.77 1525.00% A-2 07383FFP8 2,860,504.20 0.00 0.00 2,860,504.20 529,723,000.00 1525.00% B 07383FFQ6 145,981.55 0.00 0.00 145,981.55 26,422,000.00 1258.00% C 07383FFR4 171,876.95 0.00 0.00 171,876.95 30,198,000.00 953.00% D 07383FFU7 58,209.25 0.00 0.00 58,209.25 10,065,000.00 851.00% E 07383FFV5 150,893.59 0.00 0.00 150,893.59 23,906,000.00 610.00% F 07383FFW3 58,091.30 0.00 0.00 58,091.30 8,808,000.00 521.00% G 07383FFX1 82,875.47 0.00 0.00 82,875.47 16,357,000.00 356.00% H 07383FFY9 31,874.40 0.00 0.00 31,874.40 6,291,000.00 292.00% J 07383FFZ6 38,248.27 0.00 0.00 38,248.27 7,549,000.00 216.00% K 07383FGA0 19,126.67 0.00 0.00 19,126.67 3,775,000.00 178.00% L 07383FGB8 25,500.53 0.00 0.00 25,500.53 5,033,000.00 127.00% M 07383FGC6 12,752.80 0.00 0.00 12,752.80 2,517,000.00 102.00% N 07383FGD4 47,750.66 0.00 0.00 47,750.66 10,065,558.00 0.00% R-I N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-II N/A 0.00 0.00 0.00 0.00 0.00 0.00% R-III N/A 0.00 0.00 0.00 0.00 0.00 0.00% Totals 5,276,222.30 0.00 0.00 6,158,460.24 990,196,397.77
Original Beginning Pass-Through Notional Notional Class CUSIP Rate Amount Amount X-1 07383FFS2 0.765099% 1,006,576,558.00 991,078,635.84 X-2 07383FFT0 1.359666% 551,685,000.00 551,685,000.00
Ending Interest Prepayment Total Notional Class CUSIP Distribution Penalties Distribution Amount X-1 07383FFS2 631,894.37 0.00 631,894.37 990,196,397.90 X-2 07383FFT0 625,089.22 0.00 625,089.22 551,685,000.00 (1) Calculated by taking (A) the sum of the ending certificate balance of all classes less (B) the sum of (i) the ending certificate balance of the designated class and (ii) the ending certificate balance of all classes which are not subordinate to the designated class and dividing the result by (A).
Certificate Factor Detail Beginning Principal Interest Prepayment Realized Loss/ Class CUSIP Balance Distribution Distribution Penalties Additional Trust Ending Fund Expenses Balance A-1 07383FFN3 952.44095815 2.70735588 4.82570085 0.00000000 0.00000000 949.73360227 A-2 07383FFP8 1,000.00000000 0.00000000 5.40000000 0.00000000 0.00000000 1,000.00000000 B 07383FFQ6 1,000.00000000 0.00000000 5.52500000 0.00000000 0.00000000 1,000.00000000 C 07383FFR4 1,000.00000000 0.00000000 5.69166667 0.00000000 0.00000000 1,000.00000000 D 07383FFU7 1,000.00000000 0.00000000 5.78333333 0.00000000 0.00000000 1,000.00000000 E 07383FFV5 1,000.00000000 0.00000000 6.31195474 0.00000000 0.00000000 1,000.00000000 F 07383FFW3 1,000.00000000 0.00000000 6.59528837 0.00000000 0.00000000 1,000.00000000 G 07383FFX1 1,000.00000000 0.00000000 5.06666687 0.00000000 0.00000000 1,000.00000000 H 07383FFY9 1,000.00000000 0.00000000 5.06666667 0.00000000 0.00000000 1,000.00000000 J 07383FFZ6 1,000.00000000 0.00000000 5.06666711 0.00000000 0.00000000 1,000.00000000 K 07383FGA0 1,000.00000000 0.00000000 5.06666755 0.00000000 0.00000000 1,000.00000000 L 07383FGB8 1,000.00000000 0.00000000 5.06666600 0.00000000 0.00000000 1,000.00000000 M 07383FGC6 1,000.00000000 0.00000000 5.06666667 0.00000000 0.00000000 1,000.00000000 N 07383FGD4 1,000.00000000 0.00000000 4.74396551 0.00000000 0.00000000 1,000.00000000 R-I N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-II N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 R-III N/A 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
Beginnning Ending Notional Interest Prepayment Notional Class CUSIP Amount Distribution Penalties Amount X-1 07383FFS2 984.60333490 0.62776583 0.00000000 983.72686114 X-2 07383FFT0 1,000.00000000 1.13305459 0.00000000 1,000.00000000
Reconciliation Detail Advance Summary P & I Advances Outstanding 1,178,926.42 Servicing Advances Outstanding 199,661.42 Reimbursement for Interest on Advances 0.00 paid from general collections
Servicing Fee Summary Current Period Accrued Servicing Fees 55,049.67 Less Delinquent Servicing Fees 9,843.10 Less Reductions to Servicing Fees 0.00 Plus Servicing Fees for Delinquent Payments Received 10,990.44 Plus Adjustments for Prior Servicing Calculation 0.00 Total Servicing Fees Collected 56,197.01
Certificate Interest Reconciliation Class Accrued Net Aggregate Realized Previously Distributable Distributable Certificate Prepayment Losses/ Unpaid Interest Certificate Certificate Remaining Interest Interest Expenses (including Interest Interest Interest Unpaid Shortfall Losses interest thereon) Adjustment Distribution Interest A-1 1,572,536.66 0.00 0.00 0.00 1,572,536.66 0.00 1,572,536.66 0.00 A-2 2,860,504.20 0.00 0.00 0.00 2,860,504.20 0.00 2,860,504.20 0.00 X-1 631,894.37 0.00 0.00 0.00 631,894.37 0.00 631,894.37 0.00 X-2 625,089.22 0.00 0.00 0.00 625,089.22 0.00 625,089.22 0.00 B 145,981.55 0.00 0.00 0.00 145,981.55 0.00 145,981.55 0.00 C 171,876.95 0.00 0.00 0.00 171,876.95 0.00 171,876.95 0.00 D 58,209.25 0.00 0.00 0.00 58,209.25 0.00 58,209.25 0.00 E 150,893.59 0.00 0.00 0.00 150,893.59 0.00 58,091.30 0.00 G 82,875.47 0.00 0.00 0.00 82,875.47 0.00 82,875.47 0.00 H 31,874.40 0.00 0.00 0.00 31,874.40 0.00 31,874.40 0.00 J 38,248.27 0.00 0.00 0.00 38,248.27 0.00 38,248.27 0.00 K 19,126.67 0.00 0.00 0.00 19,126.67 0.00 19,126.67 0.00 L 25,500.53 0.00 0.00 0.00 25,500.53 0.00 25,500.53 0.00 M 12,752.80 0.00 0.00 0.00 12,752.80 0.00 12,752.80 0.00 N 50,998.83 0.00 0.00 17,618.51 50,998.83 3,248.17 47,750.66 20,866.69 Total 6,536,454.06 0.00 0.00 17,618.51 6,536,454.06 3,248.17 6,533,205.89 20,866.69
Other Required Information Available Distribution Amount (1) 7,415,443.83 Principal Distribution Amount 882,237.94 (a) Principal portion of Scheduled Payments 882,224.02 and any Assumed Scheduled Payments (b) Principal Prepayments 13.92 (c) Principal Portion of Balloon Payments 0.00 (d) Liquidation, Condemnation, Purchase, 0.00 and Insurance Proceeds and REO Income Received on a Mortgage Loan Aggregate Number of Outstanding Mortgage Loans 140.00 Aggregate Unpaid Principal Balance of the Mortgage Loans 990,305,153.18 Aggregate Scheduled Principal Balance of the Mortgage Loans 990,197,172.76 Interest Reserve Account Deposits 0.00 Withdrawals 0.00 Total Servicing and Special Servicing Fee Paid 59,445.18 Servicing Fee paid 56,197.01 Special Servicing Fee paid 3,248.17 Trustee Fee Paid 849.96 Paying Agent Fee Paid 1,274.94 (1) The Available Distribution Amount includes any Prepayment Premiums. Expense Losses (Additional Trust Fund Expenses) 3,248.17 (i) Special Servicing and Liquidation Fees 3,248.17 (ii) Advance Interest 0.00 (iii) Indemnification Expenses 0.00 (iv) Taxes Imposed on the Trust 0.00 (v) Amount of any Advance not Recovered 0.00 upon a Final Recovery Determination
Appraisal Reduction Amount Appraisal Cumulative Date Appraisal Loan Reduction ASER Reduction Number Amount Amount Effected None Total
Ratings Detail Original Ratings Current Ratings (1) Class CUSIP Fitch Moodys S & P Fitch Moodys S & P A-1 07383FFN3 AAA X AAA AAA X AAA A-2 07383FFP8 AAA X AAA AAA X AAA X-1 07383FFS2 AAA X AAA AAA X AAA X-2 07383FFT0 AAA X AAA AAA X AAA B 07383FFQ6 AA X AA AA X AA C 07383FFR4 A X A A X A D 07383FFU7 A- X A- A- X A- E 07383FFV5 BBB X BBB BBB X BBB F 07383FFW3 BBB- X BBB- BBB- X BBB- G 07383FFX1 BB+ X BB+ BB+ X BB+ H 07383FFY9 BB X BB BB X BB J 07383FFZ6 BB- X BB- BB- X BB- K 07383FGA0 B+ X NR B+ X NR L 07383FGB8 B X NR B X NR M 07383FGC6 B- X NR B- X NR N 07383FGD4 NR X NR NR X NR NR - Designates that the class was not rated by the above agency at the time of original issuance. X - Designates that the above rating agency did not rate any classes in this transaction at the time of original issuance. N/A - Data not available this period. 1) For any class not rated at the time of original issuance by any particular rating agency, no request has been made subsequent to issuance to obtain rating information, if any, from such rating agency. The current ratings were obtained directly from the applicable rating agency within 30 days of the payment date listed above. The ratings may have changed since they were obtained. Because the ratings may have changed, you may want to obtain current ratings directly from the rating agencies. Fitch, Inc. One State Street Plaza New York, New York 10004 (212) 908-0500 Moody's Investors Service 99 Church Street New York, New York 10007 (212) 553-0300 Standard & Poor's Rating Services 55 Water Street New York, New York 10041 (212) 438-2430
Current Mortgage Loan and Property Stratification Tables Scheduled Balance % of Scheduled # of Scheduled Agg. WAM Weighted Balance Loans Balance Bal. (2) WAC Avg DSCR(1) Below 1,000,000 4 3,367,845.94 0.34 98 7.8368 1.967270 1,000,001 to 2,000,000 13 21,092,940.08 2.13 114 7.6813 1.957100 2,000,001 to 3,000,000 19 48,022,854.11 4.85 99 7.5680 1.878326 3,000,001 to 4,000,000 18 62,969,670.03 6.36 105 7.7552 1.861111 4,000,001 to 5,000,000 14 65,337,659.43 6.60 99 7.8821 1.638203 5,000,001 to 6,000,000 15 80,081,791.17 8.09 99 7.6541 1.692741 6,000,001 to 7,000,000 12 78,569,364.16 7.93 121 7.6312 1.656832 7,000,001 to 8,000,000 6 43,771,500.44 4.42 114 7.6247 1.489252 8,000,001 to 9,000,000 7 59,299,959.78 5.99 103 7.6703 1.883316 9,000,001 to 10,000,000 8 77,094,836.01 7.79 102 7.7067 1.480044 10,000,001 to 15,000,000 11 129,193,391.83 13.05 79 7.8166 1.801747 15,000,001 to 20,000,000 8 135,800,932.99 13.71 89 7.9331 1.716009 20,000,001 to 25,000,000 1 23,679,922.80 2.39 101 7.3800 1.940000 25,000,001 and greater 4 161,914,503.99 16.35 78 7.8470 1.649952 Totals 140 990,197,172.76 100.00 95 7.7590 1.714753
State (3) # of Scheduled % of Weighted State Props. Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Arizona 6 28,892,195.03 2.92 89 7.9630 1.607448 California 42 249,519,147.91 25.20 103 7.7246 1.751282 Colorado 5 31,568,985.85 3.19 99 7.7386 1.238697 Florida 5 45,747,579.53 4.62 88 7.9690 1.236335 Georgia 2 6,863,065.31 0.69 96 8.1125 1.620101 Idaho 1 732,547.95 0.07 98 7.8700 2.190000 Illinois 6 76,373,371.59 7.71 63 8.2448 1.707699 Indiana 2 6,581,057.71 0.66 97 8.0533 1.051598 Iowa 1 2,852,246.28 0.29 99 7.0500 1.210000 Kansas 2 2,945,472.49 0.30 98 7.6310 1.960663 Kentucky 2 4,709,748.97 0.48 100 7.2680 2.041625 Louisiana 2 10,584,187.46 1.07 98 8.0216 1.353487 Maryland 4 14,633,953.27 1.48 88 7.5523 1.954026 Massachusetts 7 62,827,021.09 6.34 107 7.5746 2.150495 Michigan 16 63,996,160.13 6.46 98 7.8417 1.447046 Minnesota 2 9,024,363.01 0.91 98 7.4866 2.023319 Missouri 1 3,754,517.97 0.38 63 7.8200 2.320000 Nevada 2 3,402,280.65 0.34 117 8.1585 1.780402 New Hampshire 1 4,933,637.80 0.50 101 7.4000 1.680000 New Jersey 5 80,185,022.92 8.10 91 7.4005 1.822319 New York 5 75,612,565.39 7.64 72 7.8675 1.822254 North Carolina 4 22,581,653.73 2.28 98 7.6249 1.854843 Ohio 2 10,800,499.72 1.09 98 7.2099 1.816673 Oregon 1 2,149,987.36 0.22 98 8.0000 1.850000 Pennsylvania 4 17,365,646.43 1.75 99 7.4709 1.416031 Tennessee 2 10,876,976.38 1.10 99 7.8553 1.444266 Texas 8 43,066,505.04 4.35 117 7.7718 1.867133 Utah 2 33,014,861.16 3.33 101 7.1547 1.468352 Virginia 6 57,860,495.59 5.84 100 7.9907 1.705069 Washington,DC 1 6,741,419.04 0.68 169 8.5000 3.080000 Totals 149 990,197,172.76 100.00 95 7.7590 1.714753
Debt Service Coverage Ratio (1) % of Debt Service # of Scheduled Agg. WAM Weighted Coverage Ratio Loans Balance Bal. (2) WAC Avg DSCR(1) 1.00 or less 6 43,412,610.59 4.38 103 8.1504 0.568865 1.01 to 1.10 2 14,689,865.97 1.48 97 8.6937 1.061169 1.11 to 1.20 2 15,100,048.85 1.52 117 7.9061 1.200000 1.21 to 1.30 5 37,121,541.47 3.75 67 8.4462 1.271002 1.31 to 1.40 12 81,562,578.51 8.24 100 7.8192 1.355641 1.41 to 1.50 21 145,591,027.43 14.70 98 7.6108 1.461629 1.51 to 1.60 12 99,620,500.00 10.06 101 8.0037 1.551553 1.61 to 1.70 15 121,698,991.94 12.29 70 8.1824 1.682168 1.71 to 1.80 13 130,876,542.39 13.22 95 7.3690 1.752263 1.81 and greater 52 300,523,465.61 30.35 102 7.5373 2.263961 Totals 140 990,197,172.76 100.00 95 7.7590 1.714753
Property Type(3) Property # of Scheduled % of Weighted Type Props Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Industrial 39 241,712,169.36 24.41 99 7.7069 1.916959 Lodging 5 96,092,793.68 9.70 60 8.4549 1.453404 Mobile Home Park 8 28,296,234.59 2.86 97 7.8734 1.545502 Multi-Family 17 107,386,745.70 10.84 99 7.5508 1.544027 Office 32 290,380,223.27 29.33 93 7.6498 1.762387 Retail 43 214,678,392.76 21.68 107 7.7226 1.631432 Self Storage 5 11,650,613.40 1.18 96 8.1338 2.007966 Totals 149 990,197,172.76 100.00 95 7.7590 1.714753
Note Rate Note # of Scheduled % of Weighted Rate Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 6.500% or less 0 0.00 0.00 0 0.0000 0.000000 6.501% to 7.000% 6 72,721,484.23 7.34 100 6.9390 1.847404 7.001% to 7.500% 45 312,285,787.61 31.54 98 7.3218 1.922596 7.501% to 8.000% 62 355,253,703.61 35.88 105 7.7861 1.656072 8.001% to 8.500% 20 133,544,696.28 13.49 98 8.2180 1.544273 8.501% to 9.000% 5 86,278,403.27 8.71 50 8.6417 1.598935 9.001% to 9.500% 1 19,407,449.13 1.96 38 9.2500 1.300000 9.501% to 10.000% 1 10,705,648.63 1.08 87 9.6400 0.510000 10.001% or greater 0 0.00 0.00 0 0.0000 0.000000 Totals 140 990,197,172.76 100.00 95 7.7590 1.714753
Seasoning # of Scheduled % of Weighted Seasoning Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 12 months or less 0 0.00 0.00 0 0.0000 0.000000 13 to 24 months 119 831,085,559.26 83.93 97 7.6631 1.755425 25 to 36 months 11 79,999,802.69 8.08 84 8.4900 1.354321 37 to 48 months 1 6,428,061.68 0.65 132 7.0100 1.800000 49 months and greater 9 72,683,749.13 7.34 87 8.1173 1.638874 Totals 140 990,197,172.76 100.00 95 7.7590 1.714753
Anticipated Remaining Term (ARD and Balloon Loans) Anticipated # of Scheduled % of Weighted Remaining Term(2) Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 60 months or less 7 120,821,040.15 12.20 38 8.3974 1.692067 61 to 120 months 114 775,736,689.48 78.34 97 7.6776 1.709727 121 to 180 months 13 59,769,130.52 6.04 143 7.5294 1.961023 181 months and greater 2 13,448,159.40 1.36 202 7.6027 1.289363 Totals 136 969,775,019.55 97.94 94 7.7571 1.717185
Remaining Stated Term (Fully Amortizing Loans) Remaining # of Scheduled % of Weighted Stated Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 60 months or less 0 0.00 0.00 0 0.0000 0.000000 61 to 120 months 1 4,631,320.85 0.47 110 8.2500 1.520000 121 to 180 months 2 11,953,379.38 1.21 160 7.8396 1.308711 181 months and greater 1 3,837,452.98 0.39 219 7.3900 2.600000 Totals 4 20,422,153.21 2.06 160 7.8482 1.599268
Remaining Amortization Term (ARD and Balloon Loans) Remaining # of Scheduled % of Weighted Amortization Term Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) Interest Only 6 92,650,000.00 9.36 62 8.0677 2.410637 60 months or less 0 0.00 0.00 0 0.0000 0.000000 61 to 120 months 1 1,752,561.21 0.18 99 7.5600 1.960000 121 to 180 months 7 11,376,646.22 1.15 141 7.5723 1.479599 181 to 240 months 12 86,029,352.13 8.69 93 8.1540 1.687802 241 to 300 months 37 209,071,921.89 21.11 100 7.7765 1.616182 301 months and greater 73 568,894,538.10 57.45 96 7.6437 1.649815 Totals 136 969,775,019.55 97.94 94 7.7571 1.717185
Age of Most Recent NOI Age of Most # of Scheduled % of Weighted Recent NOI Loans Balance Agg. WAM WAC Avg DSCR(1) Bal. (2) 1 year or less 140 990,197,172.76 100.00 95 7.7590 1.714753 1 to 2 years 0 0.00 0.00 0 0.0000 0.000000 2 years and greater 0 0.00 0.00 0 0.0000 0.000000 Totals 140 990,197,172.76 100.00 95 7.7590 1.714753 (1) Debt Service Coverage Ratios are updated periodically as new NOI figures become available from borrowers on an asset level. In all cases the most current DSCR provided by the Servicer is used. To the extent that no DSCR is provided by the Servicer, information from the offering document is used. The Trustee makes no representations as to the accuracy of the data provided by the borrower for this calculation. (2) Anticipated Remaining Term and WAM are each calculated based upon the term from the current month to the earlier of the Anticipated Repayment Date, if applicable, and the maturity date. (3) Data in this table was calculated by allocating pro-rata the current loan information to the properties based upon the Cut-off Date balance of each property as disclosed in the offering document.
Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type(1) City State Payment Payment Coupon 600871353 1 LO Chicago IL 407,064.01 0.00 8.595% 700200410 2 OF Jersey City NJ 246,005.44 30,606.62 6.900% 600871342 3 IN Holland MI 63,208.64 5,225.24 7.910% 600871343 4 IN Kentwood MI 58,130.25 4,805.43 7.910% 600871344 5 IN Kentwood MI 36,576.73 3,023.68 7.910% 600871346 6 IN Zeeland Township MI 31,539.83 2,607.29 7.910% 600871347 7 IN Byron Township MI 31,447.88 2,599.69 7.910% 600871348 8 IN Kentwood MI 30,812.56 2,547.17 7.910% 600871349 9 IN Kentwood MI 29,415.48 2,431.68 7.910% 310900208 10 OF Fairfax VA 281,855.92 20,193.05 8.299% 600871300 13 RT Provo UT 159,590.14 18,319.68 7.090% 850200415 14 OF New York NY 150,582.89 15,260.94 7.380% 700200446 15 OF Valhalla NY 149,863.17 34,258.93 9.250% 600871301 16 MF Mansfield NJ 114,923.10 11,305.48 7.530% 700200447 17 OF Framingham MA 116,201.50 10,555.16 7.630% 600871302 18 RT San Jose CA 118,742.61 10,018.81 7.880% 310900277 19 MH Mountain View CA 111,277.72 9,660.52 7.800% 600871341 20 OF New York NY 104,697.06 9,974.12 7.500% 600871303 21 MF St. Petersburg FL 104,908.40 13,357.06 8.030% 600871304 22 IN Austin TX 96,220.44 19,738.40 7.640% 310900347 23 OF Sunnyvale CA 91,304.69 0.00 7.250% 850200400 24 IN Somerville MA 90,524.31 0.00 7.250% 600871305 25 OF New York NY 80,868.00 24,216.42 7.270% 310900306 26 LO Mountain View CA 78,896.65 13,477.25 7.500% 600871306 27 IN Carlstadt NJ 83,158.42 21,571.63 8.810% 850200378 28 RT North Attleboro MA 69,072.97 7,088.81 7.400% 700200353 29 LO Milpitas CA 88,923.39 8,255.91 9.640% 600871307 30 IN Phoenix AZ 71,179.85 6,429.60 7.710% 310900282 31 IN San Jose CA 69,528.93 10,913.58 7.750% 600871308 32 MF Arvada CO 70,226.61 5,796.38 7.860% 600871309 33 IN Longmont CO 71,134.87 5,460.13 8.090% 310900297 34 IN Sunnyvale CA 66,856.61 10,387.93 7.780% 310900115 35 MH Various MI 69,260.54 5,570.65 8.050% 850200408 41 LO Miami FL 61,905.74 14,178.12 7.390% 310900249 42 IN Los Angeles CA 67,216.46 9,832.72 7.980% 600871310 43 OF Pleasanton CA 60,111.00 11,075.43 7.220% 310900254 44 IN Fremont CA 63,670.91 5,503.13 7.810% 850200374 45 OF Chantilly VA 59,843.47 5,882.69 7.500% 310900308 46 OF Asheville NC 54,250.00 0.00 7.000% 310900353 48 IN Milpitas CA 54,738.81 16,153.39 7.500% 600871311 49 RT Knoxville TN 58,491.78 8,636.89 7.930% 850200358 50 LO Tampa FL 63,111.40 7,347.24 8.645% 310900231 51 IN Cleveland OH 49,127.68 16,772.73 7.000% 600871312 52 IN Torrance CA 52,431.67 0.00 7.720% 850200422 53 OF El Segundo CA 49,490.58 7,454.84 7.810% 310900075 54 IN Boca Raton FL 50,919.35 4,060.71 7.990% 310900327 55 Various York PA 47,651.38 4,614.90 7.500% 600871314 57 RT Houston TX 46,741.47 10,210.95 7.510% 600871315 58 MF Holly Springs NC 47,131.31 4,256.33 7.430% 700200377 59 OF Southborough MA 47,269.87 22,492.73 8.000% 310900265 60 MF Sonora CA 45,710.58 7,866.28 7.500% 310900264 61 MF Salt Lake City UT 43,955.53 4,511.06 7.400% 600871313 62 OF Washington DC 47,834.96 11,751.84 8.500% 850200414 63 OF San Francisco CA 42,512.89 4,557.27 7.250% 310900272 64 RT Rancho Cordova CA 45,252.81 3,963.51 7.780% 600871316 65 RT Freehold NJ 44,407.62 6,999.39 7.760% 600871317 66 MF Boothwyn PA 40,597.47 4,764.69 7.100% 600871318 67 MF Waukegan IL 38,837.19 5,783.08 7.010% 850200427 68 RT Thornton CO 37,903.79 12,490.64 7.000% 310900298 69 RT Sacramento CA 40,115.79 13,085.57 7.710% 600871320 70 OF Durham NC 46,935.20 2,671.93 8.760% 310900330 71 IN Glen Burnie MD 38,390.68 4,072.59 7.290% 600871323 72 MF Blackman MI 35,593.43 12,096.13 6.950% 600871319 73 IN Alexandria VA 34,588.01 10,341.78 7.100% 310900259 74 IN La Mirada CA 34,823.62 4,035.71 7.130% 700200127 75 RT Rancho Cucamonga CA 39,475.98 3,120.84 8.250% 600871324 76 RT Phoenix AZ 38,038.76 9,153.99 8.625% 600871321 77 RT Northfield IL 32,611.71 18,216.65 7.625% 700200341 78 RT Slidell LA 37,609.19 2,788.60 8.150% 310900318 79 RT Bossier City LA 35,540.29 2,943.58 7.890% 310900322 80 OF Costa Mesa CA 33,234.53 3,425.45 7.390% 310900250 81 MF Flagstaff AZ 34,611.82 5,455.41 7.760% 850200368 82 RT Huntington Beach CA 35,053.60 9,110.44 8.000% 700200356 83 OF Valencia CA 32,672.28 5,058.09 7.390% 310900299 84 IN Fridley MN 32,043.83 3,499.90 7.270% 600871322 85 RT Framingham/Natick MA 32,033.62 28,115.08 8.250% 310900315 86 IN Fremont CA 32,468.26 3,191.68 7.500% 310900293 87 OF Sacramento CA 32,155.03 5,533.52 7.500% 850200406 88 OF Salem NH 31,458.38 3,160.61 7.400% 850200417 89 RT Newton MA 31,649.06 5,300.50 7.500% 600871325 90 IN Plymouth MI 32,358.96 6,230.73 7.960% 700200448 91 RT Houston TX 35,946.29 2,386.05 8.468% 310900146 92 RT Costa Mesa CA 32,354.09 5,119.80 7.895% 600871345 93 IN Elk Grove Village IL 31,375.50 2,846.59 7.700% 600871326 94 OF Deerfield Beach FL 29,884.58 4,709.68 7.700% 600871327 95 SS Dallas TX 29,411.38 1,968.91 8.450% 600871328 96 OF Littleton CO 25,707.97 2,425.13 7.560% 310900324 97 RT Mankato MN 26,183.57 4,082.12 7.770% 600871329 98 RT Riverside CA 24,469.30 7,738.08 7.390% 600871350 99 IN Kansas City MO 25,296.72 2,110.99 7.820% 600871330 100 RT Duluth GA 25,303.95 3,664.01 8.010% 850200437 101 RT Columbia MD 26,027.67 1,860.29 8.285% 600871331 102 IN Franklin Park IL 22,277.99 2,509.44 7.150% 310900244 103 RT Plano TX 23,852.92 2,117.02 7.750% 850200436 104 RT Chandler AZ 24,577.50 1,780.84 8.200% 850200430 105 RT Randolph MA 22,494.47 2,122.00 7.560% 700200405 106 RT Lewisville TX 22,236.61 1,980.59 7.690% 600871332 107 RT Stroudsburg PA 23,539.70 1,740.92 8.140% 310900262 108 OF Reston VA 20,951.74 2,288.39 7.270% 310900224 109 MF Greenwood IN 22,982.32 1,870.93 7.960% 850200438 110 RT Indianapolis IN 22,680.35 1,693.78 8.150% 600871333 111 MF Atlanta GA 22,677.19 1,693.29 8.230% 600871334 112 MF Wayne NJ 20,204.31 2,017.37 7.430% 310900290 113 MF Beaumont TX 19,356.37 2,132.18 7.250% 850200399 114 RT New York NY 18,525.00 0.00 7.410% 850200407 115 RT Silver Spring MD 18,496.67 0.00 7.160% 850200423 116 OF Sacramento CA 17,887.76 2,101.55 7.015% 850200413 117 IN Lexington KY 18,079.84 2,071.01 7.095% 600871351 118 RT West Hollywood CA 19,087.25 1,889.19 7.500% 850200386 119 MF Sioux City IA 17,328.04 2,063.21 7.050% 700200361 120 RT Woodland Hills CA 19,374.20 1,538.09 8.000% 600871335 121 RT Mentor OH 18,054.61 3,852.38 7.850% 310900311 122 IN Rancho Cordova CA 16,450.29 1,460.02 7.750% 310900279 123 RT Phoenix AZ 16,304.63 2,578.59 7.750% 310900251 124 SS La Habra CA 16,635.46 2,511.13 7.910% 600871336 125 IN Morgan Hill CA 16,217.30 4,399.05 7.810% 310900268 126 SS Las Vegas NV 16,565.69 3,167.67 8.250% 600871337 127 RT Memphis TN 15,154.95 1,885.65 7.580% 310900332 128 OF San Diego CA 14,298.92 2,401.63 7.550% 310900253 129 RT Grants Pass OR 14,825.86 2,154.10 8.000% 310900238 130 IN San Francisco CA 14,218.04 6,819.01 8.010% 310900295 131 IN Ventura CA 13,075.93 6,947.54 7.500% 310900307 132 IN Paramount CA 12,095.89 2,463.76 7.000% 600871338 133 IN Shawnee KS 13,177.65 1,164.42 7.760% 310900291 134 SS Mt. Clemens MI 13,043.70 2,062.87 7.750% 310900321 135 MH Erlanger KY 11,489.34 12,313.69 7.560% 600871352 136 RT Salisbury MD 12,301.21 1,127.07 7.610% 310900292 137 OF Castro Valley CA 11,166.51 6,220.75 7.290% 310900300 138 OF Austin TX 11,553.99 6,016.74 7.590% 600871339 139 RT Gilbert AZ 12,317.38 997.57 7.940% 310900258 140 IN Grass Valley CA 11,189.45 1,671.97 7.940% 310900309 141 IN Elk Grove Village IL 9,196.35 5,328.41 7.160% 310900243 142 MF Concord CA 10,071.50 1,615.75 7.730% 310900252 143 OF Pasadena CA 9,093.58 1,252.29 8.180% 310900257 144 RT Sacramento CA 7,842.99 4,208.17 7.500% 310900270 145 RT Las Vegas NV 7,383.62 3,579.84 7.960% 310900284 146 MF Shawnee KS 6,192.20 1,113.36 7.370% 310900304 147 SS San Gabriel CA 6,019.94 913.40 7.850% 310900278 148 OF Littleton CO 5,573.50 1,308.45 8.380% 310900280 149 RT Rexburg ID 4,969.55 754.63 7.870% Totals 6,593,628.64 882,237.94
Loan Anticipated Neg Beginning Ending Paid Number Repayment Maturity Amort Scheduled Scheduled Thru Date Date (Y/N) Balance Balance Date 600871353 N/A 01/01/2006 N 55,000,000.00 55,000,000.00 10/01/2002 700200410 04/01/2011 04/01/2031 N 41,403,439.72 41,372,833.10 10/10/2002 600871342 01/01/2011 01/01/2031 N 9,279,845.57 9,274,620.33 11/01/2002 600871343 01/01/2011 01/01/2031 N 8,534,272.75 8,529,467.32 11/01/2002 600871344 01/01/2011 01/01/2031 N 5,369,937.20 5,366,913.52 11/01/2002 600871346 01/01/2011 01/01/2031 N 4,630,455.26 4,627,847.97 11/01/2002 600871347 01/01/2011 01/01/2031 N 4,616,955.78 4,614,356.09 11/01/2002 600871348 01/01/2011 01/01/2031 N 4,523,681.90 4,521,134.73 11/01/2002 600871349 01/01/2011 01/01/2031 N 4,318,573.10 4,316,141.42 11/01/2002 310900208 N/A 11/01/2010 N 39,440,481.70 39,420,288.65 11/01/2002 600871300 N/A 04/01/2011 N 26,139,701.92 26,121,382.24 11/01/2002 850200415 N/A 04/01/2011 N 23,695,183.74 23,679,922.80 11/01/2002 700200446 N/A 01/01/2006 N 19,441,708.06 19,407,449.13 10/01/2002 600871301 N/A 12/01/2010 N 17,723,650.10 17,712,344.62 11/01/2002 700200447 N/A 04/01/2011 N 17,685,934.87 17,675,379.71 11/01/2002 600871302 N/A 12/01/2010 N 17,499,319.93 17,489,301.12 11/01/2002 310900277 N/A 01/01/2011 N 16,567,402.54 16,557,742.02 11/01/2002 600871341 05/01/2011 05/01/2031 N 16,211,157.80 16,201,183.68 11/01/2002 600871303 N/A 01/01/2010 N 15,677,469.75 15,664,112.69 11/01/2002 600871304 N/A 01/02/2011 N 15,113,158.42 15,093,420.02 11/02/2002 310900347 N/A 02/01/2006 N 14,625,000.00 14,625,000.00 11/01/2002 850200400 N/A 03/01/2011 N 14,500,000.00 14,500,000.00 11/01/2002 600871305 N/A 01/01/2005 N 13,348,226.20 13,324,009.78 11/01/2002 310900306 N/A 02/01/2011 N 12,216,255.85 12,202,778.60 10/01/2002 600871306 N/A 10/01/2006 N 11,326,913.23 11,305,341.60 11/01/2002 850200378 N/A 02/01/2011 N 10,839,698.61 10,832,609.80 11/01/2002 700200353 02/01/2010 02/01/2025 N 10,713,904.54 10,705,648.63 11/01/2002 600871307 N/A 01/01/2011 N 10,721,201.94 10,714,772.34 11/01/2002 310900282 N/A 02/01/2011 N 10,418,486.38 10,407,572.80 11/01/2002 600871308 N/A 03/01/2011 N 10,375,761.14 10,369,964.76 11/01/2002 600871309 N/A 12/01/2010 N 10,211,153.65 10,205,693.52 11/01/2002 310900297 N/A 02/01/2016 N 9,979,425.73 9,969,037.80 11/01/2002 310900115 N/A 09/01/2010 N 9,991,502.01 9,985,931.36 11/01/2002 850200408 09/01/2008 09/01/2023 N 9,728,083.12 9,713,905.00 10/01/2002 310900249 N/A 01/01/2011 N 9,781,682.81 9,771,850.09 11/01/2002 600871310 N/A 04/01/2013 N 9,668,465.42 9,657,389.99 11/01/2002 310900254 N/A 07/01/2008 N 9,467,401.75 9,461,898.62 11/01/2002 850200374 N/A 02/01/2011 N 9,266,085.51 9,260,202.82 11/01/2002 310900308 N/A 02/01/2011 N 9,000,000.00 9,000,000.00 11/01/2002 310900353 N/A 02/01/2014 N 8,475,687.32 8,459,533.93 11/01/2002 600871311 N/A 02/05/2011 N 8,565,692.37 8,557,055.48 11/05/2002 850200358 N/A 01/01/2011 N 8,477,808.69 8,470,461.45 10/01/2002 310900231 N/A 01/01/2011 N 8,150,214.33 8,133,441.60 11/01/2002 600871312 N/A 12/01/2010 N 8,150,000.00 8,150,000.00 11/01/2002 850200422 N/A 04/01/2011 N 7,358,890.83 7,351,435.99 11/01/2002 310900075 N/A 01/01/2011 N 7,400,770.12 7,396,709.41 11/01/2002 310900327 N/A 03/01/2011 N 7,378,278.40 7,373,663.50 11/01/2002 600871314 N/A 08/01/2018 N 7,227,752.46 7,217,541.51 11/01/2002 600871315 N/A 03/01/2011 N 7,366,505.54 7,362,249.21 11/01/2002 700200377 N/A 02/01/2016 N 6,861,754.62 6,839,261.89 11/01/2002 310900265 N/A 01/01/2011 N 7,077,767.10 7,069,900.82 11/01/2002 310900264 N/A 02/01/2011 N 6,897,989.98 6,893,478.92 10/01/2002 600871313 N/A 12/01/2016 N 6,753,170.88 6,741,419.04 11/01/2002 850200414 N/A 04/01/2011 N 6,809,628.18 6,805,070.91 11/01/2002 310900272 N/A 01/01/2011 N 6,754,711.06 6,750,747.55 11/01/2002 600871316 N/A 01/01/2010 N 6,645,637.24 6,638,637.85 11/01/2002 600871317 N/A 01/01/2011 N 6,640,204.86 6,635,440.17 11/01/2002 600871318 N/A 11/01/2013 N 6,433,844.76 6,428,061.68 11/01/2002 850200427 N/A 05/01/2011 N 6,288,186.04 6,275,695.40 11/01/2002 310900298 N/A 01/01/2021 N 6,243,703.46 6,230,617.89 11/01/2002 600871320 N/A 10/01/2010 N 6,222,076.45 6,219,404.52 11/01/2002 310900330 N/A 03/01/2011 N 6,115,600.93 6,111,528.34 11/01/2002 600871323 N/A 03/01/2011 N 5,947,382.68 5,935,286.55 11/01/2002 600871319 N/A 07/01/2013 N 5,845,860.11 5,835,518.33 11/01/2002 310900259 N/A 01/01/2011 N 5,671,855.20 5,667,819.49 11/01/2002 700200127 N/A 01/01/2010 N 5,556,736.40 5,553,615.56 11/01/2002 600871324 N/A 11/01/2006 N 5,292,349.69 5,283,195.70 11/01/2002 600871321 N/A 04/01/2016 N 5,132,334.14 5,114,117.49 11/01/2002 700200341 N/A 01/01/2011 N 5,358,918.70 5,356,130.10 11/01/2002 310900318 N/A 02/01/2011 N 5,231,000.94 5,228,057.36 11/01/2002 310900322 N/A 02/01/2011 N 5,222,589.33 5,219,163.88 11/01/2002 310900250 N/A 01/01/2011 N 5,179,687.81 5,174,232.40 11/01/2002 850200368 N/A 01/01/2011 N 5,088,425.50 5,079,315.06 11/01/2002 700200356 N/A 02/01/2009 N 5,134,235.39 5,129,177.30 11/01/2002 310900299 N/A 01/01/2011 N 5,118,595.79 5,115,095.89 11/01/2002 600871322 N/A 01/01/2012 N 4,659,435.93 4,631,320.85 11/01/2002 310900315 N/A 02/01/2011 N 5,027,344.22 5,024,152.54 11/01/2002 310900293 N/A 01/01/2011 N 4,978,843.06 4,973,309.54 11/01/2002 850200406 04/01/2011 04/01/2031 N 4,936,798.41 4,933,637.80 11/01/2002 850200417 N/A 04/01/2011 N 4,900,499.01 4,895,198.51 11/01/2002 600871325 N/A 07/01/2011 N 4,878,235.19 4,872,004.46 11/01/2002 700200448 N/A 09/01/2010 N 4,929,627.36 4,927,241.31 11/01/2002 310900146 N/A 07/01/2010 N 4,759,023.80 4,753,904.00 11/01/2002 600871345 N/A 01/01/2011 N 4,731,956.98 4,729,110.39 11/01/2002 600871326 N/A 03/01/2011 N 4,507,100.66 4,502,390.98 11/01/2002 600871327 N/A 09/01/2010 N 4,042,030.29 4,040,061.38 11/01/2002 600871328 N/A 03/01/2011 N 3,948,997.12 3,946,571.99 11/01/2002 310900324 N/A 02/01/2011 N 3,913,349.24 3,909,267.12 11/01/2002 600871329 N/A 02/01/2021 N 3,845,191.06 3,837,452.98 11/01/2002 600871350 N/A 02/01/2008 N 3,756,628.96 3,754,517.97 11/01/2002 600871330 N/A 01/01/2011 N 3,668,568.67 3,664,904.66 11/01/2002 850200437 N/A 10/01/2010 N 3,648,241.28 3,646,380.99 11/01/2002 600871331 N/A 03/01/2011 N 3,618,350.97 3,615,841.53 11/01/2002 310900244 N/A 01/01/2011 N 3,574,214.78 3,572,097.76 11/01/2002 850200436 N/A 01/01/2011 N 3,480,684.16 3,478,903.32 11/01/2002 850200430 N/A 03/01/2011 N 3,455,372.33 3,453,250.33 11/01/2002 700200405 N/A 03/01/2013 N 3,358,017.66 3,356,037.07 11/01/2002 600871332 N/A 02/01/2011 N 3,358,283.68 3,356,542.76 11/01/2002 310900262 N/A 01/01/2011 N 3,346,774.18 3,344,485.79 11/01/2002 310900224 N/A 12/01/2010 N 3,352,908.08 3,351,037.15 11/01/2002 850200438 N/A 12/01/2010 N 3,231,714.34 3,230,020.56 11/01/2002 600871333 N/A 08/01/2010 N 3,199,853.94 3,198,160.65 11/01/2002 600871334 N/A 03/01/2011 N 3,157,883.12 3,155,865.75 11/01/2002 310900290 N/A 01/01/2011 N 3,100,463.83 3,098,331.65 11/01/2002 850200399 N/A 03/01/2011 N 3,000,000.00 3,000,000.00 11/01/2002 850200407 N/A 12/01/2009 N 3,000,000.00 3,000,000.00 11/01/2002 850200423 N/A 05/01/2011 N 2,961,209.27 2,959,107.72 11/01/2002 850200413 N/A 04/01/2011 N 2,959,258.77 2,957,187.76 11/01/2002 600871351 N/A 01/01/2011 N 2,955,444.60 2,953,555.41 11/01/2002 850200386 N/A 02/01/2011 N 2,854,309.49 2,852,246.28 11/01/2002 700200361 N/A 01/01/2011 N 2,812,383.37 2,810,845.28 10/01/2002 600871335 N/A 02/01/2011 N 2,670,910.50 2,667,058.12 11/01/2002 310900311 N/A 01/01/2011 N 2,464,975.59 2,463,515.57 11/01/2002 310900279 N/A 01/01/2011 N 2,443,148.92 2,440,570.33 11/01/2002 310900251 N/A 12/01/2010 N 2,442,300.10 2,439,788.97 11/01/2002 600871336 N/A 02/01/2011 N 2,411,395.10 2,406,996.05 11/01/2002 310900268 N/A 01/01/2011 N 2,331,826.89 2,328,659.22 11/01/2002 600871337 N/A 03/01/2011 N 2,321,806.55 2,319,920.90 11/01/2002 310900332 N/A 02/01/2011 N 2,199,363.62 2,196,961.99 11/01/2002 310900253 N/A 01/01/2011 N 2,152,141.46 2,149,987.36 11/01/2002 310900238 N/A 01/01/2008 N 2,061,332.55 2,054,513.54 11/01/2002 310900295 N/A 02/01/2016 N 2,024,659.57 2,017,712.03 11/01/2002 310900307 N/A 01/01/2011 N 2,006,691.34 2,004,227.58 11/01/2002 600871338 N/A 01/01/2011 N 1,972,046.55 1,970,882.13 11/01/2002 310900291 N/A 01/01/2011 N 1,954,519.25 1,952,456.38 10/01/2002 310900321 N/A 02/01/2011 N 1,764,874.90 1,752,561.21 11/01/2002 600871352 N/A 04/01/2006 N 1,877,171.01 1,876,043.94 11/01/2002 310900292 N/A 02/01/2016 N 1,778,814.56 1,772,593.81 11/01/2002 310900300 N/A 02/01/2016 N 1,767,791.08 1,761,774.34 11/01/2002 600871339 N/A 02/01/2011 N 1,801,518.51 1,800,520.94 11/01/2002 310900258 N/A 12/01/2010 N 1,636,548.82 1,634,876.85 11/01/2002 310900309 N/A 01/01/2016 N 1,491,568.91 1,486,240.50 11/01/2002 310900243 N/A 12/01/2010 N 1,513,057.79 1,511,442.04 11/01/2002 310900252 N/A 12/01/2010 N 1,290,988.23 1,289,735.94 11/01/2002 310900257 N/A 01/01/2016 N 1,214,398.74 1,210,190.57 11/01/2002 310900270 N/A 01/01/2016 N 1,077,201.27 1,073,621.43 11/01/2002 310900284 N/A 01/01/2011 N 975,703.72 974,590.36 11/01/2002 310900304 N/A 02/01/2011 N 890,560.85 889,647.45 11/01/2002 310900278 N/A 01/01/2011 N 772,368.63 771,060.18 11/01/2002 310900280 N/A 01/01/2011 N 733,302.58 732,547.95 11/01/2002 Totals 991,079,410.70 990,197,172.76
Loan Appraisal Appraisal Res Mod Number Reduction Reduction Strat. Code Date Amount (2) (3) 850200358 13 850200422 8 700200361 9 (1) Property Type Code MF- Multi-Family RT- Retail HC- Health Care IN- Industrial WH- Warehouse MH- Mobile Home Park OF- Office MU- Mixed Use LO- Lodging SS- Self Storage OT- Other (2) Resolution Strategy Code 1- Modification 2- Foreclosure 3- Bankruptcy 4- Extension 5- Note Sale 6- DPO 7- REO 8- Resolved 9- Pending Return to Master Servicer 10-Deed In Lieu of Foreclosure 11-Full Payoff 12-Reps and Warranties 13-Other or TBD (3) Modification Code 1- Maturity Date Extension 2- Amortization Change 3- Principal Write-Off 4- Combination
Principal Prepayment Detail Principal Prepayment Amount Prepayment Penalties Loan Number Offering Document Payoff Amount Curtailment Amount Prepayment Premium Yield Maintenance Cross-Reference Premium No Principal Prepayments this Period
Historical Detail Delinquencies Distribution 30-59 Days 60-89 Days 90 Days or More Foreclosure REO Modifications Date # Balance # Balance # Balance # Balance # Balance # Balance 11/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 10/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 09/16/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 08/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 07/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 06/17/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 05/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 04/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 03/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 02/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 01/15/2002 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 12/17/2001 1 $3,000,000.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00 0 $0.00
Prepayments Distribution Curtailments Payoff Date # Amount # Amount 11/15/2002 0 $0.00 0 $0.00 10/15/2002 1 $8,665.86 0 $0.00 09/16/2002 0 $0.00 0 $0.00 08/15/2002 0 $0.00 0 $0.00 07/15/2002 0 $0.00 0 $0.00 06/17/2002 0 $0.00 0 $0.00 05/15/2002 0 $0.00 0 $0.00 04/15/2002 0 $0.00 0 $0.00 03/15/2002 0 $0.00 0 $0.00 02/15/2002 0 $0.00 0 $0.00 01/15/2002 0 $0.00 0 $0.00 12/17/2001 0 $0.00 0 $0.00
Rate and Maturities Distribution Next Weighted Avg. WAM Date Coupon Remit 11/15/2002 7.759008% 7.686912% 95 10/15/2002 7.759002% 7.686903% 96 09/16/2002 7.759003% 7.686902% 97 08/15/2002 7.758997% 7.689031% 98 07/15/2002 7.758991% 7.689021% 99 06/17/2002 7.758975% 7.689711% 100 05/15/2002 7.758968% 7.689701% 101 04/15/2002 7.758952% 7.689682% 102 03/15/2002 7.758946% 7.689672% 103 02/15/2002 7.758913% 7.689640% 104 01/15/2002 7.758908% 7.691489% 105 12/17/2001 7.758902% 7.691480% 106 Note: Foreclosure and REO Totals are excluded from the delinquencies aging categories.
Delinquency Loan Detail Offering # of Current Outstanding Status of Loan Number Document Months Paid Through P & I P & I Mortgage Cross Delinq. Date Advances Advances** Loan(1) Reference 600871353 1 0 10/01/2002 401,380.68 401,380.68 B 700200410 2 0 10/10/2002 274,829.41 274,829.41 A 700200446 15 0 10/01/2002 183,312.03 183,312.03 A 310900306 26 0 10/01/2002 92,058.32 92,058.32 B 850200408 41 0 10/01/2002 75,665.01 75,665.01 A 850200358 50 0 10/01/2002 68,268.54 68,268.54 B 310900264 61 0 10/01/2002 48,288.40 48,288.40 B 700200361 120 0 10/01/2002 20,185.76 20,185.76 B 310900291 134 0 10/01/2002 14,938.27 14,938.27 B Totals 9 1,178,926.42 1,178,926.42
Resolution Actual Outstanding Bankruptcy Loan Number Strategy Servicing Foreclosure Principal Servicing Date REO Code(2) Transfer Date Date Balance Advances Date 600871353 55,000,000.00 0.00 700200410 41,403,439.72 118,783.12 700200446 19,441,708.06 0.00 310900306 12,216,255.86 0.00 850200408 9,728,083.12 0.00 850200358 13 08/15/2002 8,477,808.68 0.00 310900264 6,897,989.98 0.00 700200361 9 06/06/2002 2,812,383.37 1,281.84 310900291 1,954,519.27 0.00 Totals 157,932,188.06 120,064.96
Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances Totals by Deliquency Code: Total for Status Code = A (3 loans) 533,806.45 533,806.45 70,573,230.90 118,783.12 Total for Status Code = B (6 loans) 645,119.97 645,119.97 87,358,957.16 1,281.84 (1) Status of Mortgage Loan A- Payment Not Received But Still in Grace Period B- Late Payment But Less Than 1 Month Delinquent 0- Current 1- One Month Delinquent 2- Two Months Delinquent 3- Three Or More Months Delinquent 4- Assumed Scheduled Payment (Performing Matured Balloon) 7- Foreclosure 9- REO (2) Resolution Strategy Code 1- Modification 2- Foreclosure 3- Bankruptcy 4- Extension 5- Note Sale 6- DPO 7- REO 8- Resolved 9- Pending Return to Master Servicer 10-Deed In Lieu Of Foreclosure 11-Full Payoff 12-Reps and Warranties 13-Other or TBD ** Outstanding P & I Advances include the current period advance.
Specially Serviced Loan Detail - Part 1 Offering Servicing Resolution Loan Document Transfer Strategy Scheduled Property State Interest Actual Number Cross-Reference Date Code (1) Balance Type (2) Rate Balance 850200358 50 08/15/2002 13 8,470,461.45 LO FL 8.645% 8,477,808.68 850200422 53 01/28/2002 8 7,351,435.99 OF CA 7.810% 7,351,435.99 700200361 120 06/06/2002 9 2,810,845.28 RT CA 8.000% 2,812,383.37
Net Remaining Loan Operating DSCR DSCR Note Maturity Amortization Number Income Date Date Date Term 850200358 441,178.00 06/30/2002 1.04 02/01/2001 01/01/2011 277 850200422 1,172,437.00 12/31/2001 1.72 05/01/2001 04/01/2011 280 700200361 210,427.27 06/30/2002 1.68 02/01/2001 01/01/2011 337
Specially Serviced Loan Detail - Part 2 Offering Resolution Site Loan Number Document Strategy Inspection Phase 1 Appraisal Appraisal Other REO Cross-Reference Code (1) Date Date Date Value Property Revenue 850200358 50 13 12/01/2000 12,400,000.00 850200422 53 8 10/15/2000 14,100,000.00 700200361 120 9 10/26/2000 4,200,000.00
Loan Number Comments from Special Servicer 850200358 Transferred to SS 8-22-02 for imminent default, however, loan remains current. GMAC has contacted the borrower and borrower has executed a Pre-Negotiation Agreement. We have received current financials and franchise information. Counsel has been retained. Borrower proposed 5-mo moritorium on P&I. The property is performing substantially below last year's performance, Occupancy is down 13% and ADR is down 19%. Based on 2003 projections GMAC is reviewing a 12-month payment modification 850200422 The loan was assumed by a third-party on 7/3/02 and will be seasoned for 3 months and then returned to the Master after the 10/1/02 payment. The loan is current and Exodus rejected the lease in August. The loan was originally transferred due to the bank ruptcy of the sole tenant, Exodus Communications. At the time of the assumption an additional $456,000 in reserves was provided to the lender. The collateral is a 106,000sf industrial building in El Segundo, CA in which Exodus invested $43 million in T I's to create an Internet Data Center (web server farm). The building was never occupied and is currently vacant. The TI's are state-of-the-art and include extensive security, HVAC, power, power back up systems, fire suppression, etc. The TIs have been purchased by the borrower. The lender also holds $800,000 in leasing reserves and $400,000 in LOC proceeds. 700200361 Loan is current. Property was transferred to different ownership entity with same principals Owners attorney has disputed transfer of property definition and threatening litigation if we pursue assignment approval process. They have finally agreed to cooperated and have supplied all information except financials for new guarantor. Will submit case for approval once this is received.
Modified Loan Detail No Modified Loans Liquidated Loan Detail No Liquidated Loans this Period -----END PRIVACY-ENHANCED MESSAGE-----